Analyst: Bitcoin rallied and fell, and the bulls have lost their dominance

After Bitcoin failed to sustain above $100,000, investors took profits and extended the decline. Earlier this week, Bitcoin rallied sharply, eventually reaching record levels above $108,000. Chris Weston, an analyst at Pepperstone, said, "Caution is necessary for Bitcoin at this time. This doesn't mean we will see a price crash anytime soon, but the momentum has clearly faded and the bulls have lost their dominance and control over the price." Bitcoin is now down 2.4% at $95,133.